After a week of rumors, search giant Google (NASDAQ:GOOGL) confirmed today that it is bringing its Google Fiber service to Austin, Texas, making it the second major metropolitan area, following Kansas City.
Google said the service plans for Austinites would be similar to the choices available in Kansas City, although the company is still finalizing pricing details. It said pricing in Austin would be similar to Kansas City prices.
Austin and Google are targeting mid-2014 to roll out the gigabit Internet service that the search giant boasts is 100 times faster than average broadband connections. Google intends to connect public institutions in Austin such as schools, hospitals, and community centers, among others, at no charge.
Austin is known to have a tech-savvy population and is known as a breeding ground for start-ups.
Fool contributor Evan Niu, CFA, lives in Austin and can't wait to get Google Fiber in mid-2014. He has no position in any stocks mentioned. The Motley Fool recommends Google. The Motley Fool owns shares of Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.